‘Cryptojacking’ rises 30% to record highs despite crypto slump: Report

‘Cryptojacking’ rises 30% to record highs despite crypto slump: Report


New research shows that despite falling digital asset prices, cryptojacking has reached record levels in the first half of 2022.

According to a mid-year update on cyber threats by American cybersecurity company SonicWall, global cryptojacking volumes rose by $66.7 million, or 30% in the first half of 2022 compared to the same period last year.

Cryptojacking is a cybercrime whereby malicious actors commandeer a victim’s computer resources by infecting the machine with malware designed to mine cryptocurrencies. It is often executed through vulnerabilities in web browsers and extensions.

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Source: SonicWall

The report stated that the overall rise in cryptojacking can be attributed to a couple of factors.

Firstly, cybercriminals are leveraging the Log4j vulnerability to deploy attacks in the cloud. In December 2021, a critical vulnerability affecting java based logging

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